Scotiabank Cuts Earnings Estimates for West Fraser Timber

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Stock analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for West Fraser Timber in a report issued on Monday, April 28th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings of $2.63 per share for the year, down from their prior forecast of $4.07. Scotiabank currently has a "Sector Outperform" rating and a $100.00 price objective on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $4.45 per share. Scotiabank also issued estimates for West Fraser Timber's FY2026 earnings at $6.73 EPS.

Several other research analysts have also recently commented on WFG. Raymond James reduced their target price on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Securities dropped their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $100.40.

West Fraser Timber Stock Up 0.9 %

Shares of WFG stock traded up $0.70 during mid-day trading on Thursday, reaching $74.89. The stock had a trading volume of 98,842 shares, compared to its average volume of 175,006. West Fraser Timber has a one year low of $69.48 and a one year high of $102.40. The firm has a market cap of $5.78 billion, a PE ratio of -356.62 and a beta of 1.21. The firm's 50 day simple moving average is $75.54 and its 200 day simple moving average is $84.70.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion.

West Fraser Timber Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were issued a $0.32 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. West Fraser Timber's dividend payout ratio is presently -752.94%.

Hedge Funds Weigh In On West Fraser Timber

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WFG. Barclays PLC boosted its stake in West Fraser Timber by 10.0% during the 3rd quarter. Barclays PLC now owns 7,119 shares of the company's stock worth $693,000 after acquiring an additional 647 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of West Fraser Timber by 311.2% in the 3rd quarter. Tidal Investments LLC now owns 10,962 shares of the company's stock valued at $1,067,000 after buying an additional 8,296 shares during the period. Principal Financial Group Inc. grew its holdings in shares of West Fraser Timber by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 11,974 shares of the company's stock valued at $1,168,000 after buying an additional 1,323 shares during the period. Avanza Fonder AB acquired a new stake in West Fraser Timber during the 4th quarter worth $529,000. Finally, D.B. Root & Company LLC lifted its holdings in West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock worth $246,000 after acquiring an additional 549 shares in the last quarter. Institutional investors own 40.23% of the company's stock.

About West Fraser Timber

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.